Santa Fe

What if People Owned the Banks?

Jimmy Tobias of The Nation offers a comprehensive look at city-based public banking efforts in Oakland, California and Santa Fe, New Mexico. He also provides background on the only public bank in the US—the Bank of North Dakota—and offers solid economic reasons why cities and states should consider establishing a public bank. From Seattle to…

Ben Franklin

How the Quakers Put the ‘Public’ in Banking

During the third week of June, hundreds of southwestern Quakers met for their annual gathering at Ghost Ranch in northern New Mexico. The theme was “About Money: a call to Integrity, Community and Stewardship”. While there, I spoke about Quakers’ history with public banking, and about the explosion in public banking efforts happening across our…

Hawaii

Hawaii Becomes First State to Pass Basic Income

Futurists tell us that there won’t be enough work in the future because technology will replace workers who now do repetitious or low-skilled work. This has prompted Libertarians (who want smaller government) and Progressives (who want to guarantee a social safety net for workers) to look at the idea of basic income. Would it be…

Public Banking & the Nonpartisan League: Is It Time for a Financial Revolution?

  During this political season, we have heard a lot about too-big-to-fail banks, corporate greed, politicians on the take, bad trade deals, inequality and … starting a revolution to save the middle class. Just over 100 years ago, at the dawn of the first American Progressive Era, the same conditions sparked a revolution which spread…